M&A Deal Summary

Cobham Acquires Axell Wireless

On May 10, 2013, Cobham acquired technology hardware company Axell Wireless from ECI Partners for 85M GBP

Acquisition Highlights
  • This is Cobham’s 3rd transaction in the Technology Hardware sector.
  • This is Cobham’s largest (disclosed) transaction.
  • This is Cobham’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2013-05-10
Target Axell Wireless
Sector Technology Hardware
Buyer(s) Cobham
Sellers(s) ECI Partners
Deal Type Add-on Acquisition
Deal Value 85M GBP
Advisor(s) Mooreland Partners LLC (Financial)

Target

Axell Wireless

Chesham, United Kingdom
Axell Wireless Ltd. is a provider of Distributed Antenna Systems (DAS) and wireless solutions for the public safety and cellular markets, with a specific focus on communication systems for buildings and critical infrastructure applications.

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Buyer(S) 1

Buyer

Cobham

Dorset, United Kingdom

Category Company
Founded 1934
Sector Defense
Revenue 1.9B GBP (2018)
DESCRIPTION

Cobham offers various technologies and services for commercial, defense, and security markets worldwide. The company operates in four segments: Cobham Aerospace and Security, Cobham Defense Systems, Cobham Mission Systems, and Cobham Aviation Services. Cobham was founded in 1934 and is based in Dorset, United Kingdom.


DEAL STATS #
Overall 5 of 6
Sector: Technology Hardware M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 5
Country: United Kingdom M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 Thrane & Thrane A/S

Kongens Lyngby, Denmark

Thrane & Thrane A/S manufactures and sells equipment and systems for mobile communication based on satellite and radio technology worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-20 Aeroflex Holding

Plainview, New York, United States

Aeroflex Holding Corp. designs, engineers, and manufactures microelectronic products, and test and measurement equipment in the United States, Europe, the Middle East, and Asia.

Buy $1.5B

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 40 of 76
Sector: Technology Hardware M&A 1 of 2
Type: Add-on Acquisition M&A Deals 24 of 39
Country: United Kingdom M&A 39 of 70
Year: 2013 M&A 1 of 4
Size (of disclosed) 5 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 Great Rail Journeys

York, United Kingdom

Great Rail Journeys is an operator of escorted holidays by rail that offers a fantastic choice of holidays with popular itineraries to over 40 countries across the world. Great Rail Journeys was founded in 1973 and is based in York, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-04 CliniSys Solutions

Chertsey, United Kingdom

CliniSys Solutions Ltd. is a provider of clinical laboratory information management systems.

Sell -